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Stock impact report

After-hours buzz: SHAK, CBS, TRUE & more [CNBC]

Shake Shack, Inc. Class A (SHAK) 
Last shake shack, inc. class a earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: CNBC
Check out the companies making headlines after the bell Thursday : Shake Shack shares fell 4 percent in extended trading. The fast-casual restaurant chain announced earnings and revenues that surpassed Wall Street predictions. Same-store sales increased by 8 percent, despite predictions of sales falling 1 percent. The company's forecast for the upcoming quarter is weak. The past year was a big one for new store openings. 16 stores were opened in the fourth quarter and 45 were opened within the full year. The company has a goal to open 32-34 domestic and 16 international stores in the upcoming year. Shares of CBS rose 3 percent before settling back to its closing price after hours. The broadcast media company reported earnings that beat expectations on top and bottom lines. CEO Leslie Moonves said the total subscriber base is continuing to grow at an accelerated pace. Guidance for 2018 looks strong, with revenue growth expected to be in the high single digits Show less Read more
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